Subsea 7 gets $140 million pact offshore Norway from Statoil

9/4/2013

Subsea 7 gets $140 million pact offshore Norway from Statoil

BY DOMINIC CHOPPING

LONDON -- Subsea 7 said that it has been awarded a $140 million contract from Statoil for the removal and replacement of risers, flowlines and associated subsea structures on the Norwegian Continental Shelf.

Project management and engineering work will commence immediately from Subsea 7's offices in Stavanger and Oslo.

Offshore activities utilising a variety of Subsea 7 vessels are scheduled to extend from 2014 to 2017.